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The Zacks Analyst Blog Highlights NVIDIA, Caterpillar, General Electric, Union Pacific and Schlumberger

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For Immediate Release

Chicago, IL – February 1, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: NVIDIA Corp. (NVDA - Free Report) , Caterpillar Inc. (CAT - Free Report) , General Electric Co. (GE - Free Report) , Union Pacific Corp. (UNP - Free Report) and Schlumberger Ltd. (SLB - Free Report) .

Here are highlights from Wednesday’s Analyst Blog:

Top Analyst Reports for NVIDIA, Caterpillar and General Electric

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including NVIDIA Corp., Caterpillar Inc and General Electric Co.. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today's research reports here >>>

NVIDIA shares have outperformed the Zacks Semiconductor - General industry over the past year (+58.5% vs. +22.7%) on the back of the company's strong leverage artificial intelligence (AI), high-performance computing and accelerated computing.

The data center end-market business is likely to benefit from the growing demand for generative AI and large language models using graphic processing units (GPUs) based on NVIDIA Hopper and Ampere architectures. A surge in hyperscale demand and a solid uptake of AI-based smart cockpit infotainment solutions are acting as tailwinds.

Collaborations with Mercedes-Benz and Audi are likely to advance its presence in autonomous vehicles and other automotive electronics space. However, its near-term prospects are likely to be hurt by softening IT spending amid macroeconomic headwinds.

(You can read the full research report on NVIDIA here >>>)

Shares of Caterpillar have modestly outperformed the Zacks Manufacturing - Construction and Mining industry over the past year (+24.6% vs. +23.7%). The company's revenues and earnings have grown year over year for eleven straight quarters thanks to its cost-saving actions, strong end-market demand and pricing actions, which offset the impact of the supply-chain snarls and cost pressures.

The Construction Industries segment is expected to benefit from the rising construction activities in the United States and other parts of the world. Backed by demand for commodities fueled by the energy-transition trend, a thriving mining sector will aid the Resource Industries segment.

The Energy & Transportation segment remains well-poised for growth, backed by strong demand across all applications. Its dividend yield and payout ratio are higher than its peers. A strong liquidity position, investments in expanding services and digital initiatives will help Caterpillar deliver outsized returns.

(You can read the full research report on Caterpillar here >>>)

General Electric shares have outperformed the Zacks Diversified Operations industry over the past year (+63.2% vs. +3.8%). The company is witnessing strength in its Aerospace segment, driven by robust demand and solid execution in commercial engines and services.

With strength in GE Gas Power services and growth in Grid business and Onshore Wind in North America, signs of improvement in GE Vernova (the combined operations of GE Power and Renewable) hold promise. Driven by solid momentum across its businesses, the company raised its 2023 guidance.

Acquisitions made over time are also likely to be beneficial. Its policy of rewarding shareholders handsomely works in its favor. The firm's improved liquidity position also adds to its strength. However, supply chain disruptions in the defense market continue to take a toll on the company's operations.

(You can read the full research report on General Electric here >>>)

Other noteworthy reports we are featuring today include Union Pacific Corp. and Schlumberger Ltd..

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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